Mark Carney, the first non-Brit to run the Bank of England since it was founded in 1694 and the former head of Canada’s central bank, said Thursday he is entering the race to be Canada’s next prime minister following the resignation of Justin Trudeau.

Former Bank of Canada governor Mark Carney announced on Thursday that he was running to replace Prime Minister Justin Trudeau as leader of the ruling Liberal Party, saying he wanted to focus on the struggling economy.

Former head of UK central bank enters race to take over from Justin Trudeau as leader of Liberal Party and Canada